Jagged Peak Energy Inc. (NYSE:JAG) insider Shonn D. Stahlecker sold 100,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $15.04, for a total value of $1,504,000.00. Following the sale, the insider now owns 372,986 shares of the company’s stock, valued at $5,609,709.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Jagged Peak Energy Inc. (JAG) opened at $14.93 on Friday. Jagged Peak Energy Inc. has a 12 month low of $10.96 and a 12 month high of $15.21. The company has a market capitalization of $3,176.93 and a price-to-earnings ratio of 78.53. The company has a quick ratio of 1.19, a current ratio of 0.38 and a debt-to-equity ratio of 0.05.
Jagged Peak Energy (NYSE:JAG) last announced its quarterly earnings results on Wednesday, November 8th. The mining company reported $0.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.07. Jagged Peak Energy had a positive return on equity of 6.80% and a negative net margin of 200.39%. The company had revenue of $70.45 million during the quarter, compared to analysts’ expectations of $72.50 million. The firm’s revenue was up 219.3% compared to the same quarter last year. sell-side analysts predict that Jagged Peak Energy Inc. will post 0.28 earnings per share for the current fiscal year.
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Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. BMO Capital Markets set a $18.00 target price on Jagged Peak Energy and gave the stock a “buy” rating in a research note on Saturday, August 12th. ValuEngine cut Jagged Peak Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Jefferies Group LLC assumed coverage on Jagged Peak Energy in a research note on Monday, October 9th. They set a “hold” rating and a $14.00 target price for the company. Finally, Seaport Global Securities assumed coverage on Jagged Peak Energy in a research note on Thursday, September 28th. They set a “buy” rating and a $16.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $17.61.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Swiss National Bank acquired a new stake in Jagged Peak Energy in the second quarter valued at $710,000. Schwab Charles Investment Management Inc. increased its holdings in Jagged Peak Energy by 88.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 114,509 shares of the mining company’s stock valued at $1,529,000 after purchasing an additional 53,684 shares during the period. Marshall Wace North America L.P. increased its holdings in Jagged Peak Energy by 106.3% in the second quarter. Marshall Wace North America L.P. now owns 165,007 shares of the mining company’s stock valued at $2,145,000 after purchasing an additional 85,008 shares during the period. Strs Ohio increased its holdings in Jagged Peak Energy by 560.6% in the third quarter. Strs Ohio now owns 62,100 shares of the mining company’s stock valued at $848,000 after purchasing an additional 52,700 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Jagged Peak Energy by 20.4% in the second quarter. JPMorgan Chase & Co. now owns 1,069,428 shares of the mining company’s stock valued at $14,277,000 after purchasing an additional 181,246 shares during the period. Institutional investors and hedge funds own 17.13% of the company’s stock.
About Jagged Peak Energy
Jagged Peak Energy Inc is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. The Company’s acreage is located on contiguous blocks in the adjacent counties of Winkler, Ward, Reeves and Pecos, with original oil-in-place within multiple stacked hydrocarbon-bearing formations.
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